Guideline Value for Kalyani Avenue

Kalyani Avenue guideline value

The current guideline value of Kalyani Avenue, located in Sembiam village under the Sembiam SRO, is Rs 1,900 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Kalyani Avenue has changed

The guideline value for Kalyani Avenue has undergone several revisions over the years. In 2007, the value was Rs 700 per sq.ft, which increased significantly to Rs 1,800 per sq.ft in 2012. However, it saw a decrease to Rs 1,206 per sq.ft in 2017, before rising again to Rs 1,800 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 1,900 per sq.ft, marking a 6% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 171%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Sembiam

In Sembiam village, there are 250 streets under the Sembiam SRO with a 2024 guideline value ranging from Rs 1,700 to Rs 7,100 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, indicating that Kalyani Avenue's 2024 figure is below this median.

• Kalyana Sundara Mudaliar Street: Rs 1,900 per sq.ft (2024)
• Kamarajar 1st Street: Rs 1,900 per sq.ft (2024)
• Kamarajar 2nd Street: Rs 1,900 per sq.ft (2024)
• Kamaraj Street: Rs 1,900 per sq.ft (2024)
• Kabilar Street: Rs 1,900 per sq.ft (2024)
• Kambar Street: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Kalyani Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value amounts to Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, leading to a total of Rs 1,71,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kalyani Avenue?

Kalyani Avenue falls under the jurisdiction of the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Sembiam

The guideline value plays a crucial role in the registration of properties in Sembiam. It is used to determine the stamp duty and registration fees that buyers and sellers must pay during the transaction process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. It is important for both parties to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Kalyani Avenue?

The current guideline value of Kalyani Avenue is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2007 to Rs 1,900 per sq.ft in 2024, reflecting an overall increase of 171% during this period.

What is the land classification for Kalyani Avenue?

Kalyani Avenue is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Sembiam Sub Registrar Office?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is stamp duty calculated for properties in Kalyani Avenue?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 19,00,000 would incur a stamp duty of Rs 1,33,000 at 7%.